Bajaj Electricals Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 07, 2025
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Bajaj Electricals held its 86th AGM on August 7, 2025 via video conferencing, where shareholders approved all 10 resolutions with the required majority. Key outcomes include adoption of FY25 audited financial statements, declaration of a dividend of Rs. 3.00 per equity share (face value Rs. 2), retirement of Mr. Rajiv Bajaj (not seeking re-appointment), re-appointment of Mrs. Pooja Bajaj, and appointment of Mr. Nirav Nayan Bajaj as Non-Executive Non-Independent Director. Total votes polled stood at 9.94 crore out of 11.53 crore shares, with participation of 69,924 shareholders on record date. Resolutions on borrowing limits and providing security (special resolutions) saw notable dissent of about 3.34% from institutional investors (12.72% against from public institutions alone on resolutions 9 and 10).
Shareholders will receive a Rs. 3 per share dividend for FY25. While most resolutions sailed through comfortably, the meaningful dissent from institutional investors on the borrowing limits and security-related special resolutions is worth noting, as it signals some institutional discomfort with the company's debt plans.